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The Educational Services industry is made up of organizations that offer instruction and training in a vast array of subjects. The primary establishments include privately or publicly owned and operated schools, colleges, universities, and training centers. Essential to its function is the Educational Support Services sector, a subset that focuses on providing services that support these educational processes and systems; and this can include education consultants, guidance counseling services, exchange student programs, and testing evaluation services.
Considering the importance such an industry plays in a country with an estimated 56.4 million students in Pre-K through High School alone, it’s vital that its employees have access to comprehensive healthcare plans that cater to their needs. Usually, this includes access to medical, dental, and vision insurance, disability coverage, life insurance options, a retirement savings plan, and plenty of paid time off.
There are about 61,000 educational support service companies nationwide, employing 535,000 workers. Companies in this industry are on the smaller side, with each one having an average of 9 employees. This is a female-dominated industry, with only 30% of employees identifying as male, and the median employee age is 44 years old.
41% of educational support organizations offer short-term disability insurance, and 53% provide a long-term disability option. The national average for these metrics is 42% and 34%, respectively.
81% offer access to life insurance coverage. This is well above the national average of 56%.
The educational support services industry stands in-line with other industries nationwide when it comes to providing benefits packages that meet their employee’s needs. There are a few improvements to make in order to meet the national standard, such as providing more access to disability coverage, paid family leave, and more retirement benefits options. Once these changes have been made, employers will surely start to notice how offering a comprehensive benefits package will work to attract top-quality talent to their team while cutting costs and boosting productivity as a whole.
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